MGX Considers Investment in US Data Centers Firm
UAE-based technology investor MGX is reportedly exploring an investment in Aligned Data Centers, a prominent company based in the United States. This potential acquisition is part of larger discussions involving Global Infrastructure Partners (GIP) and New York-based asset manager BlackRock, who are negotiating to acquire Aligned from Macquarie-backed investors.
Details of the Potential Investment
MGX is expected to make an independent investment as part of the deal, according to Bloomberg news sources. Aligned Data Centers, located in Plano, Texas, manages 50 campuses and 78 data centers, with expansion plans in the US and South America.
Previous Investments by MGX
- In August 2023, Mubadala, a founding partner of MGX, invested in Aligned Data Centers.
- Mubadala also acquired a stake in Yondr Group, based in London, which specializes in hyperscale data centers.
MGX’s Broader Investment Strategies
Moreover, recent reports indicate that MGX is preparing to secure a 15 percent stake in TikTok’s operations in the US. This move is part of a broader initiative that has received backing from the White House.
Additionally, MGX aims to raise $25 billion to enhance its advancements in artificial intelligence, as reported in August 2023. The firm was established in March 2022, with Mubadala and G42, an arm focused on AI investment, as its founding partners.
Leadership and Partnerships
Sheikh Tahnoon bin Zayed Al Nahyan, the UAE national security adviser, serves as the chairman of MGX. Khaldoon Al Mubarak, CEO of Mubadala, holds the position of vice chairman. In September 2022, MGX joined the $30 billion Global AI Infrastructure Investment Partnership, which focuses on the development of data centers and energy infrastructure.
This strategic investment interest underscores MGX’s commitment to expanding its footprint in the technology and data center sectors, aligning with its goals to lead in AI and innovative infrastructure solutions.
